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Electronic Auction For The Sale Of Property Of Yerevan Sport And Con

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  • Electronic Auction For The Sale Of Property Of Yerevan Sport And Con

    ELECTRONIC AUCTION FOR THE SALE OF PROPERTY OF YEREVAN SPORT AND CONCERT COMPLEX HAS NOT TAKEN PLACE

    by Arthur Yernjakyan

    ARMINFO
    Thursday, May 29, 18:20

    The electronic auction for the sale of the property of the Yerevan
    Sport and Concert Complex has not taken place because no bids have
    been made, Spokesperson of the Judicial Acts Compulsory Enforcement
    Service Rima Yeganyan told ArmInfo on Thursday.

    "The auction was open for all but no bids were made. So, the lot will
    be put up for resale within the next three days, with the starting
    price will be 10% lower than the initial one," Yeganyan said.

    The initial price was 19.350bln AMD or $46.8mln.

    Yerevan Sport and Concert Complex owes the Government as much as
    10.2bln AMD. The market value of the complex is 25.8bln AMD. The
    complex was built in 1983 and covers an area of 46,335 sq m.




    From: A. Papazian
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